Hands
Bitcoin - The little engine that couldNTWhats up traders -
Everyone is positing this same chart, with the same nonsensical rational as to a bull case for crypto.
1.) the stock market is crashing
2.) Money flowing back into crypto
3.) institutional money coming into crypto
4.) H&S, Bull Flag, RSI low, yada yada yada
This is is NOT magic. Price Action is NOT purely technical. It is also fundamental.
Do you know what NVT is?
NO it is not the magic drug from limitless. It is Network Value per transaction. Familiarize yourself with it as it is one of the best fundamental tools out there being used to value crypto.
We need real news in crypto.
We need real use cases in crypto.
sadly, we need regulation in crypto.
Inverted H&S with an Impulsive 5 wave Elliott waveHere i see an inverted H&S pattern with a impulsive 5 wave Elliott wave completing the head, and an ABC correction starting the right shoulder. I Believe this ABC will once completed, cause a wave 1 completing the right shoulder, wave 2 will be short lived with completion of the H&S pattern which will then be the wave 3 of the next 5 wave impulsive Elliott Pattern.